US Department of Justice (DOJ) had drawn the ire of the Barisan Nasioanl Strategic Communications Director, Datuk Abdul Rahman Dahlan who publicly asked why it had implicated Datin Paduka Seri Rosmah Mansor as “wife of MO1” for committing a wrongdoing when it did not intend to seize the 28 jewellery items, including the pink diamond necklace, from Rosmah.

Just as Abdul Rahman had no problem publicly admitting in an interview with BBB in September last year that “MALAYSIAN OFFICIAL 1” (“MO1”) was none other than the Prime Minister Datuk Seri Najib Razak, and even saying “only an idiot does not know who that person was”, he had no qualms in publicly admitting that the “wife of MO1” was none other than Rosmah herself.

At least, on the matter of “MO1” and “wife of MO1”, Abdul Rahman was being forthright and truthful unlike his other Ministerial colleagues, including Defence Minister, Datuk Seri Hishammuddin Hussein, who moved heavens and earth to deny knowing or suspecting the identity of these two personalities in the DOJ suits. Read the rest of this entry »

1MDB probe was one of the toughest moments during her 16-year tenure as governor of central bank, says Zeti Akhtar Aziz.

PETALING JAYA: Bank Negara Malaysia was powerless to take further action than just some fines to “relevant bodies and financial institutions” over breach of regulations in relation to the 1MDB case.

This was the admission by former Bank Negara governor Zeti Akhtar Aziz, who added that the handling of the 1MDB case was one of her toughest moments in office, Sin Chew Daily reported.

“Although outsiders had very high expectations from Bank Negara, nevertheless, it did not have the power to prosecute.

“Bank Negara has the most comprehensive laws, including the Central Bank of Malaysia Act 2009 and Financial Services Act 2013 to preserve the integrity, stability and healthy functioning of the financial system.

“So, we could issue letters of administrative compound to relevant bodies and financial institutions breaching Bank Negara’s regulations in the 1MDB case. I would say the fines were probably the highest in history,” she told the Chinese vernacular daily, explaining how the whole matter was settled with the fine being paid. Read the rest of this entry »